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Consumer spending in the region was weak and is expecteed toremain soft, the closelhy watched survey said, but “an uptick in manufacturin g orders helped stabilize expectations for futuree production.” The Beige Book also said that “commercial real estate marke t conditions deteriorated, and energy activity declined further.” it said, “reported a rise in deposites and stable loan demand with no erosionb in loan quality.” It said consumee price and wage pressures remained low.
producer prices “declined at a slower with some firms noting that higher commodituy prices boosted material andfuel Overall, the latest regional Beige Book covering a six-week period — was somewhaty more optimistic than the last survey, released April 15. The repor t covers the Fed’s Kansas City-based 10th District. It is base d on interviews with a sample of businesses representing key industriess ineach district. The reports are anecdotal and do notcontai statistics, but they are widely followed and help the Fed to set nationak economic policy.
The Fed’s 10th District includees Colorado, Kansas, Nebraska, Oklahoma and Wyoming as well as westerj Missouri and northernNew Mexico. Formally know n as the “Summary of Commentary on Current Economicx Conditions by Federal Reserve the Beige Book is published eight timesa year. The latesft report covers late Aprilthrough May. The Federal Reserve’sx 10th District is also known as the Kansaxs City district becausethe reserve’s regional bank is baserd there. .
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